...THE MAN OF STEEL AND THE DRAGON: AUSTRALIA’S RELATIONSHIP WITH CHINA DURING THE HOWARD ERA PROPOSAL INTRODUCTION On consecutive days in October 2003, President George W Bush of the United States of America and President Hu Jintao of People’s Republic of China addressed joint sittings of both houses of the Australian Parliament. This historic occasion symbolises how Australia conducted its foreign relations with ‘East’ and ‘West’ during the Howard Era. The pragmatic decision to allow Hu Jintao to become the first non-American foreigner to address both houses demonstrates how Howard viewed Sino-Australian relations. It showed the world that it was possible to have warm relations with both the United States and China. By the end of the Howard Era in 2007, China had become Australia’s major trading partner. This was a far cry from 1996, when in the first months of the newly elected Howard Government a series of events caused severe tensions in Sino-Australian relations, as described below. This culminated in the Chinese response of banning visits to China by Australian ministers, a serious manoeuvre in the nuanced world of diplomacy. From these frosty beginnings, the relationship between the two nations strengthened considerably, for a variety of reasons, some of them outside Australia’s control. Paul Keating may have sown the seeds to Australia’s ‘pivot’ to Asia, but it was the Howard Government that undertook the most significant shift in orientation, cumulating in...
Words: 5401 - Pages: 22
...Uses of force as it relates to Foreign Policy decision-making describes a critical tool a president, diplomat, or military leader has at his or her disposal to persuade a country or person to align with certain policy goals or ideas. Each force can have either a positive or negative end result if not used and communicated properly. For example the appropriate use of force for a country seeking weapons on the grey market to supply radicalized militia groups will be different than the force used to deal with a nation infringing on another’s sovereignty. Sometimes the way a certain force is chosen and applied is based on how we may perceive that countries reaction to it. In some cases it is necessary for Force to be applied inclremently in order to avoid unwanted conflicts. Most nations’ states seek to resolve matters diplomatically before using the force of:”Aggression” or “Armed Power” in order to resolve matters at the lowest possible denominator. If this cannot be done then measures are taken in order to assess the risk of an unwanted outcome and use the best possible course of action one has at his or her disposal. Nations may also chose to use force in concert with each other in order to have a more effective impact. For years we have used the forces of Armed Power, with Economic and Diplomatic means to engage Iran and its allies. While this is adequate and necessary for Iran given the circumstances, we will not use this specific force to engage china freed trade agreements...
Words: 497 - Pages: 2
...Foreign policy of india. When India became independent on August 15, 1947, Pandit Jawaharlal Nehru became her first Prime Minister. For long seventeen years (1947-1964), he remained in power and during this long period he was the central figure of India’s foreign policy making. It was Nehruji who framed and guided the Foreign Policy of India. To Pandit Nehru non-alignment was the corner stone of India’s foreign policy. He adopted this policy for various reasons, which may be divided into material and immaterial or spiritual reasons. The geographical and economic condition of India just after independence served as the material reasons for his favoring the policy of non-alignment. India’s next door neighbour on one side is People’s Republic of China and on the other is Pakistan, the arch enemy of India since her very emancipation from the British yoke. Nehru could easily realize that if India joins any of these two blocks, she would bring the rage of the other on her. It was indeed a crucial problem for the newly independent India and so he had chosen the path of non-alignment. Moreover, in order to guard her saturated post-independent economic condition India seriously needed the co-operation of both the big powers, U.S.A. and U.S.S.R. and their satellites the developed countries of Europe. Her entry into one bloc would not only make the members of the other bloc hostile to her interest but also might jeopardize her very independence. For this economic consideration India...
Words: 4269 - Pages: 18
...PESTLE analysis PESTLE ANALYSIS Summary South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE...
Words: 8071 - Pages: 33
...PESTLE analysis PESTLE ANALYSIS Summary South Korea has been politically stable since becoming a democratic state. However, its relationship with North Korea continues to present a strong challenge. South Korea fell into a brief financial crisis in 1997 due to structural weakness in the banking sector, however strong economic and financial reforms quickly countered the downturn and put the country back on a growth path by the following year. With the opening up of markets after the financial crisis in 1997, the country became one of the largest technology markets in the world. As far as social issues are concerned, the country has low population growth and fertility rates, leading to an ageing population. Furthermore, the country has a highly qualified labor force, which makes it possible to both produce and commercialize advanced technologies. The country is also well equipped with extensive broadband network and telecommunication facilities. Legal procedures in the country are time consuming and complex, which makes it very difficult for foreign investors. The environmental scenario of the country is characterized by the breach of emission standards, which is reaching unreasonable limits in spite of its relatively small area and population in comparison to other countries. Republic of Korea: Country Analysis Report – In-depth PESTLE Insights © Datamonitor. This brief is a licensed product and is not to be photocopied Published 06/2008 Page 11 PESTLE analysis Political...
Words: 8071 - Pages: 33
...borrowing of money and extension of credit. For example, Honda Motor Cycles in China, that company sells the cars to consumers comes with forward contract, it is included the price adjustment clauses. In order to reflect certain exchange rates changes it’s based on the adjusted price. The forward contract also brings more benefit to the consumers that helps them can get lower price. Furthermore, Honda Company has used policy such as purchasing foreign currency by using the currency swaps. This helps to fix the price of the car across currency contract in advance. In the foreign market from Japan’s Honda Co. the car is priced in Yen that means the company faces with foreign exchange risk. Thus, above solution is helpfully to protect subsidiary and reduce transaction exposure. Translation exposure Translation exposure can be established as type of foreign exchange risk that MNC have subsidiaries operated markets oversea (Wang, 2005), which country faced with translation exposure. This is affected on the translation of the liabilities and assets denominated in the foreign currency into the home currency of the parent company when...
Words: 2248 - Pages: 9
...Foreign Policy Module Summative Assessment Question 1: Foreign policy must be formulated in accordance with the national interest’. Evaluate this claim which is attributable to realist thinking on foreign policy. * * According to realist thinking on foreign policy, international relations and politics are formulated in accordance with national interest. This presupposes that the key actors in International Relations are sovereign states that behave similarly regardless of their type of government. As well, a state of anarchy is at the fundamental core of this argument and national interests of egoistic states as the main outward presence in international realm. Classic Realism, originally emerged from the European concert of aristocratic diplomacy. By evaluating this claim, this essay will reassert the position and importance of Offensive and Defensive Realism in our contemporary post 9/11 world. These are respectively neoclassical realism and neorealism. Firstly, a detailed account of realism will be produced highlighting the emergence of national interest as the fundamental feature or goal of sovereign states. This is done either through the maintenance of a status quo or aspiration of accumulating influence. It will be concluded that Defensive Realism or neorealism is the principal theoretical sub-school in according this claim any legitimacy. Secondly, a general evaluation of neorealism in post 9/11 world will be provided; and a comparison, and ultimately an...
Words: 4135 - Pages: 17
...Practice Unit 1 Individual Project November 12, 2011 Abstract This paper will present an analysis of the United Kingdom (U.K.) and the United Arab Emirates (U.A.B.) to determine both suitability and potential in each of the countries for a Greenfield project. This analysis will compare the financial conditions in each country as well as trade policies, currencies and cultural variables which could affect the project. This paper will also include a recommendation to the steering committee of Acme as to which may be the preferred country for the Greenfield project. Introduction To begin, I will give the definition of a Greenfield Investment: “A term which describes investment in a manufacturing or production plant in an area where little or no physical infrastructure or facilities exists” (Financial Glossary, n.d). In other words, building or establishing a plant or other type facility where there was nothing previously. The opposite would be considered a Brownfield Investment, which is established in or on existing facilities or grounds. Multinational enterprise Acme, is currently considering expanding their business globally by establishing a Greenfield facility in a foreign country. Foreign countries each have their own unique policies in regards to establishing a business, as well as their own cultural proclivities, currencies and laws. This paper will offer analysis regarding the suitability of the United Kingdom (UK) and the United Arab Emirates (UAE) for...
Words: 1404 - Pages: 6
...of US Foreign Policy: An Overview Hang Thi Thuy Nguyen1 1 The Royal Melbourne Institute of Technology, Australia Correspondence: Hang Thi Thuy Nguyen, School of Global, Urban and Social Science, The Royal Melbourne Institute of Technology, Australia. E-mail: thuyhang032003@gmail.com Received: July 27, 2013 doi:10.5430/wjss.v1n1p20 Accepted: August 12, 2013 Online Published: August 13, 2013 URL: http://dx.doi.org/10.5430/wjss.v1n1p20 Abstract This article reviews major theoretical perspectives to US foreign policy as well as on how these theoretical perspectives explain foreign policy decision making and conducting of the US. First, the paper will discuss the process of making foreign policy to sustain US core values and interests which are determined by five major categories of sources (i) the external environment, (ii) the societal environment of the nation, (iii) the governmental setting, (iv) the roles of foreign policymakers, and (v) the individual personalities of foreign policy-making elites (Wittkopf et al 2008, p. 15). Then, the paper will examine the defensive and offensive realism, liberalism, marxism, neoclassical realism, constructivism which can be based on to understand US foreign policy behaviour. It will be concluded that no single theory has the capacity to describe, explain and predict US foreign policy behaviour. A mixture of such theoretical approaches seems to be necessary to obtain a comprehensive picture of US foreign policy...
Words: 4904 - Pages: 20
...Today, foreign poverty is one of the primary concern in the United States of America. It has a significant impact on youths and families with low income. It effects on the American economy has triggered a vast debate currently in the US with a focus on the international poverty reduction proponents and opponents. Therefore, a comprehensive analysis of the effects on America based on its economy is highly recommended for organizations as well as professionals supporting such international initiatives. Currently, the impact of foreign poverty today is immense among youths. Therefore, each foreign poverty reduction proponents in the United States of America must first involve the analysis of its meaning, theories, and causes as well as its effects...
Words: 546 - Pages: 3
...FINANCIAL ANALYSIS REPORT CONTENTS Introduction ……………………………………………………………………………… i About Oil Company………………………………………………………………………ii Company’s annual report ……………………………………………………………….X Analysis tools and techniques……………………………………………………………X I.Non-Financial analysis A. market aspects B.product and services c.company’s risk II.Financial analysis A. Vertical Analysis Company a Company b Company c Company d B.Horizontal Analysis Company a Company b Company c Company d C.Trend Analysis Company a Company b Company c Company d D.Cross-sectional analysis III.Over-all conclusion Introduction This comprehensive study is conducted to determine where investor’s funds should be expended in the business. This course can help evaluating if the company’s strategy is competitive within the industry and to pinpoint their company's strengths and weaknesses through Quick Financial analysis we have made. This is also serving as analysis tools that help the student to better manage working capital, cash and accounts receivable, plus much more. The company’s annual report for prior year is our focus on this study. However, the computed ratio is not the answer. It is only an indicator of some aspect of a company’s performance to make them comparable. Company’s Risk Foreign Currency Risk The Parent Company’s functional currency is the Philippine peso, which is the denomination of the bulk of the Group’s revenues. The Group’s exposures to foreign exchange...
Words: 1539 - Pages: 7
...Contents 1.0 Introduction 2 2.0 Environmental Analysis Of Malaysia 3 2.1 Economic Analysis of Malaysia 3 2.2 Cultural Analysis of Malaysia 3 2.3 Technology Analysis of Malaysia 4 3.0 Business Issues 5 4.0 Referencing 9 1.0 Introduction Malaysia is a multi-ethnic, multicultural and multilingual society. It is a fast growing state-oriented and newly-industrialised economy with liberal market policies aimed at promoting trade, entrepreneurship and industrial and economic development. Initiatives undertaken by the government and the private sector are investor-centric and business-friendly with the primary aim of encouraging market development. This has transformed Malaysia into one of the most dynamic business environments in South East Asia. Malaysia has a mixed economy with active participation in business by both the private and public sector. Although traditionally a commodities-led economy, services have contributed to the country's recent economic growth and now comprise the largest sector of the economy. Primary economic activities in Malaysia include manufacturing, export trade, services, tourism, and commodities such as petroleum, palm oil, natural rubber and timber. Information technology is also a growing industry. Despite being adversely affected by the economic crisis, the economy contracted by 1.7 per cent in 2009, the economy quickly recovered, experiencing positive growth rates in the years following; furthermore, growth is expected to remain resilient in...
Words: 1712 - Pages: 7
...Written Analysis & Communication Report on Larson in Nigeria Submitted to: Prof. Sanjay Gupta Submission Date: 07/09/2012 Submitted By: Dadhich Bhatt (20121017) SPM PGP-12 Batch TABLE OF CONTENTS 1. MEMO……………………………………………………………………………………………………………………….3 2. ABBREVIATION…………………………………………………………………………………………………………4 3. EXECUTIVE SUMMARY…………………………………………..…………………………………………………..5 4. SITUATIONAL ANALYSIS…………………………………………………………………………………………….5 5. PROBLEM STATEMENT………..…………………………………………………………………………………….6 6. STATEMENT OF OPTIONS……..…………………………………………………………………………………...6 7. CRITERIA FOR EVALUATION.....…………………………………………………………………………………..6 8. EVALUATION OF OPTIONS………………………………………………...……………………………….………7 9. RECOMMENDATIONS…………………………………………………………………………………………………9 10. PLAN OF ACTION………..……………………………………………………………………………………………...9 11. EXHIBIT-1............................................................................................................................................................10 12. EXHIBIT-2............................................................................................................................................................12 13. REFERENCES......................................................................................................................................................13 To: Mr. David Larson From: Mr. Dadhich Bhatt Date: January...
Words: 2058 - Pages: 9
...OF PAKISTAN FOREIGN POLICY INTRODUCTION Pakistan is a major participant in the global efforts to curb transnational terrorism initiated after the terrorist attacks in the United States in September 2001. This enhanced Pakistan's strategic relevance for the major powers, especially the United States, which cultivated Pakistan for combating terrorism and ensuring peace and stability in the post-Taliban Afghanistan. Its strategic relevance has varied over time which had implications for Pakistan's role at the international level and the foreign policy options available to its policy makers. This briefing paper examines the changing patterns of Pakistan's foreign policy and how its position and role in international and regional politics has varied over time. Pakistan recognizes that it is neither possible nor advisable to stay in isolation in the present day interdependent and complex international system. It needs to interact with other states, international and regional organizations and supranational actors in order to protect and promote its national interests and sovereign identity. Its activism reflects a realization that such a policy facilities the mobilization of International support and resources for its domestic socio-economic development, helps to regulate the inputs from the external environment into the internal context, and contributes to strengthening security and territorial integrity which are the principal concerns of Pakistan's foreign policy. The major...
Words: 1028 - Pages: 5
...FOREIGN DIRECT INVESTMENT IN TELECOM SECTOR OF PAKISTAN CONFIDENTIALITY STATEMENT This dissertation has been agreed as confidential between the students, university and sponsoring organisation. This agreement runs for two years from (20 August 2008) STATEMENT OF AUTHENTICITY I have read the University Regulations relating to plagiarism and certify that this dissertation is all my own work and do not contain any unacknowledged work from other sources. WORD COUNT: 16,808 ABSTRACT 07000441 FOREIGN DIRECT INVESTMENT IN TELECOM SECTOR OF PAKISTAN Keywords: FDI, Entry Modes, Determinants, Risks, Pakistan Telecom Abstract Pakistan telecom sector has attracted large inflow of foreign direct investment in recent years. Government policy of deregulation and privatization has created an environment conducive for foreign direct investment in telecom sector of Pakistan. This paper will investigate all those factors which have contributed in attracting the foreign direct investment in telecom sector of Pakistan. However, there are some risks associated with the foreign direct investment in telecom sector due to the current political instability and terrorism in the country. This paper will examine the risks associated with the foreign direct investment in telecom sector of Pakistan. Subsequently it will explore entry strategy for foreign companies to enter in Pakistan telecom market. FOREIGN DIRECT INVESTMENT IN TELECOM SECTOR OF PAKISTAN Dissertation...
Words: 19472 - Pages: 78